TRON’s CEO Justin Sun took to social media to announce the launch of the company’s new $100 million gaming fund, known as TRON Arcade and which he claims will provide a new model for game development.
Proud to unveil #TRONArcade, our 100 Million USD Game Fund! This new initiative will revolutionize both #gaming and #blockchain industries. Let’s build the next generation of games together! $TRX https://t.co/xl1Ynuminf pic.twitter.com/U5KwZwNcAR
— Justin Sun (@justinsuntron) November 29, 2018
According to Sun, TRON Arcade will “…empower developers to create and execute on their ideas, to introduce new games and content into an autonomous ecosystem, and to build a strong community of content and entertainment.”
Three Year Investment Plan
Funding for TRON Arcade will be spread over 3 years and is intended to encourage game development on the TRON Network by providing investment, technical and business development support as well as access to the company’s existing partnerships.
Earlier in the week the TRON Foundation had tweeted a Forbes article that highlighted the draconian monetisation policies of traditional companies that restricted financial gain for creators and claimed that TRON offered “…the solution to the future of content distribution.”
Although there are countless platforms for creators to distribute their works on today, many offer creators little protection from intellectual property, which limits monetization. #TRON‘s token model is the solution to the future of content distribution. https://t.co/uwF0cmegdO
— TRON Foundation (@Tronfoundation) November 28, 2018
In his Medium post, Justin Sun expanded upon how this may be achieved and said “The unique advantages of blockchain technology, like immutability, security, and the ability to activate decentralisation, create more room for imagination in the gaming industry.”
TRON, who also recently purchased peer-to-peer file sharing protocol BitTorrent, was founded in September 2017 and switched to its own mainnet from Ethereum this summer in an event that featured a well-publicised spat with Ethereum founder Vitalik Buterin.